Generali to close Russia office as war intensifies

Mark Battersby
clock • 1 min read

Assicurazioni Generali SpA is to close its office in Moscow and is evaluating its business activity in Russia amid the invasion of Ukraine, the Italian insurer said in a statement on 3 February.  Generali will close its representative office in the country's capital and resign from positions held on the board of Russian peer Ingosstrakh Insurance Co., in which it holds a stake of 38.5%, it said. Generali's Europ Assistance platform, meanwhile, will wind down operations in Russia. "Since the start of the war in Ukraine, Generali has been closely monitoring the situation and implicat...

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